Real growth of residential property prices in local currency reached 4.43% in 2017 in New Zealand, according to the National Statistical Office. This is 66.5% less than in the previous year.
Historically, real growth of residential property prices in local currency in New Zealand reached an all time high of 25.6% in 1973 and an all time low of -12.9% in 2008.
New Zealand has been ranked 23rd within the group of 71 countries we follow in terms of real growth of residential property prices in local currency.
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